Oi mulls capital injection amid restructuring talks

Oi mulls capital injection amid restructuring talks

Debt Capital Markets Bonds Brazil

Oi said it will pitch a BRL7.1bn ($2.2bn) capital increase into its latest restructuring proposal, comprising a BRL3.5bn cash injection and BRL3.6bn debt-for-equity swap. The Brazilian telecom said in a securities filing that bondholders, which participated in the capital increase would receive a 6% fee based on their contribution, plus annual fees of 8%. In the Monday securities filing, Oi said it's latest proposal had gained approval from Bank of America Merrill Lynch, Goldman Sachs, Morgan

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial